Bloomberg Pledges $64 Million to Anti-Coal Initiatives

Marco Green
October 12, 2017

The statement will increase carbon emissions in country in case of implementation of proposal, noting that Bloomberg will donate 64 million dollars in total to U.S. environmental organization Sierra Club and or environmental organisations in country.

Billionaire philanthopist Michael Bloomberg has pledged an additional $64 million for the initiatives meant to slash the number of USA coal power plants. The plan aims to reverse a steady tide of retirements of coal and nuclear plants, which have lost market share as natural gas and renewable energy flourish. The initiative has aided in galvanizing grassroots opposition to coal-fired power, and has worked out settlements with state regulators and utility owners to shutter the plants.

"Pollution from coal-fired power plants is the largest source of carbon emissions and kills 7,500 Americans annually, down from 13,000 when the Beyond Coal campaign began expanding in 2011 through support from Bloomberg", the statement said. The administration announced Tuesday that it wants to repeal the previous administration's prized environmental policy: the Clean Power Plan, which mandates 32% cuts in Carbon dioxide emissions by 2030.

Other reports by Click Lancashire

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